Cincinnati Bell plans $400M notes offering

The Associated Press

Regional telephone company Cincinnati Bell Inc. said Wednesday that it plans to publicly offer $400 million worth of senior subordinated notes due in 2018.

The company said it will use any proceeds with existing cash to redeem $375 million worth of outstanding 8 3/8 percent senior subordinated notes that are due in 2014 and pay related expenses like interest.

Banc of America Securities LLC will serve as its lead bookrunning manager for the offering.